Job Information
Allied World Insurance Company VP, Programs Property Underwriting in New York City, New York
Job Objectives:
Responsible for generating of an underwriting profit from the Programs that make up his/her portfolio, setting and attaining premium and expense goals, implementing proper underwriting discipline/guidelines, and marketing/servicing of existing and potential clients. Responsibilities include acting as Property lines lead and management of an underwriting team.
Job Duties and Responsibilities:
Serve as the groups property lead which requires a strong property underwriting background that includes deep product and reinsurance knowledge. Monitor and improve property pricing methods and consistency across programs. Report periodically to senior management with respect to growth, results, accumulation, and property portfolio composition.
Thoroughly review all new Program submissions. This shall include review of the proposed portfolio of business, including understanding of what risks are being underwritten, what coverages and limits are needed, how rating is developed, how risk selection is made and how business is obtained.
Recommendation of whether submitted Program shall be considered for due diligence or declined.
Participate in the due diligence process to determine/confirm acceptability for new partnerships.
Responsible for ongoing audits of each partnership to assure adherence to underwriting guidelines and regulatory compliance.
Evaluate and respond to special acceptance requests in a timely manner.
Establish underwriting best practices to be utilized by partners.
Price and analyze coverage, structure, and exposures.
Authorize quotes/binders/invoices as appropriate.
Visit and communicate with partners on a regular basis to maintain good working relationship. Should make best efforts to be aware of and address any concerns or issues partner may have.
Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems, and procedures.
Referral contact for underwriting staff as necessary.
Expand existing portfolio of business by developing existing relationships and new prospective clients.
Coordinate and consultation with Product Leaders, Claims, Accounting, Actuarial, IT, internal audit, and Legal departments as appropriate.
Supervise and manage underwriting staff, which includes, but is not limited to delegation of duties and special projects, performance and salary reviews, and training and development.
Work with senior management with respect to strategic and financial planning, budgeting, and monthly projections, and reporting.
Create and execute the business plan through interaction with senior management for the development, management, and expansion of a portfolio.
Maintain overview of markets and industry developments through traveling, attending industry conferences and seminars and other means to optimize the underwriting and portfolio strategy.
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
Minimum Salary: 0.00 Maximum Salary: 0.00 Salary Unit: Yearly